‘Advancing Equity and Inclusion in a Deep Turd World’: What I Learned at the Bloomberg Equality Summit
Spoiler alert: Not much.
A terrifying thought occurred to me about halfway through day one of the Bloomberg Equality Summit, an annual gathering of corporate executives, DEI officers, and the actor who played Martin Luther King Jr. in Selma to discuss KPIs regarding CSR and ESG across a variety of GLs. (Translation: Diversity, equity, and inclusion; key performance indicators; corporate social responsibility; environment, social, and governance; global landscapes.) I realized I would rather be watching the Senate Judiciary Committee consider the Supreme Court nomination of Ketanji Brown Jackson. If I had to subject myself to a mindless marathon of performative righteousness, I'd prefer the one with fewer Ivy League buzzwords and heaping piles of corporate bullshit. Say what you will about Congress, at least it's not (overtly) sponsored by a woke hedge fund (TPG) specializing in leveraged buyouts.
Nevertheless, I persisted through nine hours and eight minutes of panel discussions and interviews about how "intentionality" is a "core dynamic" of a "deeply matrixed approach" to "driving inclusive change" and "decolonizing thinking" as we endeavor to "widen the aperture" of accountable leadership and "reimagine consumer base experiences" in the digital age. The discourse was nonsensical at times, deranged and terrifying at others. The phrase, "As goes California, goes the nation… You cannot hide from this," stuck out as particularly chilling. The summit was officially titled, "Measuring the Movement: Accountability in Action." Though I think the following phrase, as it appears in the official transcript, provides a more accurate summary: "Advancing equity and inclusion in a deep turd World."
Perhaps I was just bitter about not being able to partake in the remarkable networking opportunities. Day one of the two-day event was an in-person gathering in New York City and included a mid-morning "networking break," lunch in the "networking lounge," and climaxed with a "networking and cocktails" happy hour. I had been looking forward to representing the Washington Free Beacon, a woman-led small business intent on disrupting the alternative media space, and discussing strategies for driving inclusive equity among my peers in the industry. Alas, the host was "unable to approve" my application to attend "due to limited space." In what may or may not be a related incident, my email inquiry about why the Bloomberg summit was promoting "equality" as opposed to "equity"—the preferred term among Democratic politicians and other social justice activists—went unanswered.
Having been relegated to the lowly status of virtual attendee, my networking opportunities were limited to the online chat forum, where other virtual guests, including one very active poster named "Karen," were plugging their LinkedIn profiles and constantly thanking the summit participants for making "OUTSTANDING points!!!" I watched along in the company of some of the industry's leading experts, including a DEI and ESG adviser for Labiana Pharmaceuticals, the Manager of Global STEM Outreach, DEI and CSR Initiatives for Hitachi High-Tech in America, as well as the founder and CEO of Black Women in Artificial Intelligence.
What I learned at the Bloomberg Equality Summit
So, what did I learn? The answer is: Not much, beyond a renewed appreciation of my capacity for self-flagellation. Does confirming a preexisting suspicion—that the woke corporate obsession with DEI and ESG is little more than a performative racket—count as learning something? Education wasn't really the point. This was an exercise in self-justification, a religious celebration—for the true believers, but also, assuredly, for the grifters and false prophets phoning it in for a paycheck. I'll do my best to present what I found to be the most compelling insights, so to speak.
The summit's first panel was titled, "Boosting Representation on Broadway." I learned that Bryan Terrell Clark, the actor and producer who opened the summit with a "soulful rendition" of Stephen Sondheim's "No One Is Alone," was the first black male to play the lead in a commercial for Humira, an injectable tumor necrosis factor blocker used to treat rheumatoid arthritis, Crohn's disease, and other inflammatory ailments. "It's crazy because it scored the highest and became the gold standard for years," Clark boasted. He also discussed his work with the Theater Equitable Employment Marketplace (TEEM), a nonprofit dedicated to increasing diversity in behind-the-scenes roles on Broadway, but lamented that "it really is an uphill battle because the unions are strong."
Clark acknowledged, given the venue and the audience, he was "preaching to the choir." For example, everyone in attendance was well aware that "this work requires a lot of self-care." He went on to make a compelling case for why corporations should hire him to talk about DEI issues with their employees. "I'm a content creator. I'm a speaker," Clark said. "Sometimes you don't want to hear this kind of sterile, view of [diversity, equity, and inclusion] work, right? But I'll come and rap some Hamilton to you and then we can get into the conversation, right? So I think that it's important to even diversify the conversation around diversity and inclusion." Speaking of Hamilton, the hit show's creator, Lin-Manuel Miranda, was referenced several times by panel participants. They neglected to denounce his white supremacy, however.
Throughout the summit, almost every discussion began with a version of the following statement from Bloomberg economics editor Michael McKee during his interview with Mary Daly, president and CEO of the Federal Reserve Bank of San Francisco. "News being what it is, I want to hold off just a second, beg your indulgence for a few minutes before we delve deeply into diversity, and ask a few questions about things like inflation and war that are going on [that] actually interest a lot of people," McKee said, making an obvious point, albeit inadvertently, about how "lack of diversity in corporate boardrooms" would rank among the average American's list of concerns.
On a related note, former Atlanta mayor and aspiring presidential candidate Keisha Lance Bottoms made an appearance to discuss the alleged "massive voter suppression laws" in Georgia and chastise Americans for not realizing how great their lives are under President Joe Biden. "We're still recovering as a country. So you have people going, ‘Well, what was that all about? Because I don't feel like my life is any better.' I don't necessarily agree with that, but I know that's the sentiment," she said. "It goes back to messaging and making sure that people understand what's being done on their behalf."
Saying the quiet part out loud
There were several examples of what extremely online liberals might describe as "saying the quiet part out loud" when it comes to corporate America's relationship with the DEI industrial complex. For example, Bloomberg technology reporter Kurt Wagner's interview with Roy L. Austin Jr., vice president of civil rights and deputy general counsel at Meta (the company formally known as Facebook), was an extended discussion about the importance of his job title, which was created following a company-wide civil rights audit. "Obviously I'm a big fan of the audit, I have a new job," said the highly compensated corporate executive. "People are recognizing this role is an important role."
Why, exactly? Austin, who served eight years in the Obama administration, struggled to explain what he actually does at Meta. "We are definitely building this plane as we're flying it," he said, citing his efforts to create a "civil rights training" to educate Meta employees on "what it means to ensure that you are protecting people from marginalized communities." A "very sophisticated" "race measurement tool" is also in the works, Austin said, which will facilitate the company's efforts to "do the research and [find] the data to determine what that problem is." To figure out what is going on, in other words.
Marcus Shaw, CEO of AltFinance, suggested corporations and investment firms should embrace "greed" as a motivating factor in their efforts to partner with the DEI industry. Few participants at the Bloomberg Equality Summit, sponsored by Boston Consulting Group, Syndio, and TPG, the leveraged buyout firm, appeared to have any reservations about doing so. TPG partner and CEO Jon Winkelried, a white guy, chatted with Bloomberg Media CEO M. Scott Havens, a white guy, during a virtual panel titled, "Solution Sessions: Culture as Strategy, Presented by TPG." Anilu Vazquez-Ubarri, TPG partner and chief human resources officer, also participated.
TPG has plenty of reasons to take part in the summit, nearly all of them involving greed, as well as the (greed-motivated) desire to bolster its reputation as a pioneer in the woke hedge fund sector. TPG fired one of its managing partners, Bill McGlashan, in 2019 after he became embroiled in the "Varsity Blues" college admissions bribery scandal. McGlashan was ultimately convicted of paying $50,000 to rig his son's entrance exams scores.
TPG became a publicly traded company in January and, according to the New York Times, has been working to "convince investors that it can compete" with its (much larger) rivals in the industry. The firm aims to attract investment from woke institutions—university endowments, as well as pension funds run by blue states and liberal countries such as Canada and Sweden—many of which have already invested in its Rise Fund, a multibillion-dollar "social impact" fund developed by McGlashan in partnership with Bono and Jeff Skoll, the eBay billionaire and executive producer of left-wing propaganda films, including An Inconvenient Truth, Promised Land, and Citizenfour.
Fittingly enough, the TPG-sponsored panel at the TPG-sponsored summit was followed by an interview with Norway's minister of culture and equality, Anette Trettebergstuen, who explained how her country's sovereign wealth fund (the world's largest) screens potential investments using "guidelines" based on "gender equality and sustainable development."
David Rubenstein, cofounder and co-chairman of the Carlyle Group, also had reason to appear on a panel titled, "Creating an Inclusive Path on Wall Street." His firm's reputation among woke elites has presumably suffered from its association with former co-CEO Glenn Youngkin, the current Republican governor of Virginia. Rubenstein suggested that if Wall Street firms want "to have less regulation, and have [fewer] people from Washington telling them what to do," they should get with the program and embrace diversity, equity, and inclusion. Rubenstein went on to acknowledge that more and more people are starting to "recognize that people who are different, who are diverse, who might be minorities, actually have some incredibly good capabilities." Rubenstein had some other interesting thoughts on race and racism that deserve to be quoted at length:
Other highlights from the Bloomberg Equality Summit include:
• Jarvis Sam, vice president of global diversity and inclusion for Nike, speaking in front of a framed LeBron James jersey, discussing how the company is assessing "how we operationalize the work of understanding the work that's happening in various regions around the world," including China, and making sure it is "aligned to how we're thinking in other [global landscapes]."
• Havens, the Bloomberg Media CEO, saying: "With our journalism, we're constantly holding those with power accountable." (Fact check: LOL.)
• Macy's CEO Jeff Gennette's (possible) Freudian slip about how his company is "improving the quality of life for the women and men who live in our fact—or who are working in the factories that produce all of our private brands."
• Coca-Cola being called out in a Bloomberg data analysis for having "lost ground" when it comes to employing minorities in professional roles: "While 18.8 percent of Coke's professional workers are black, it does reflect a decline from 21.2 percent in 2018." (Of note: The United States of America is 13.4 percent black.)
• Visa CEO Al Kelly's concern that diversity efforts suffer when employees don't come into the office: "I really am worried about [diversity and inclusion going backward]. Minorities will tend, because they're the minorities, tend to be a bit shyer than the mainstream. And it's easier for them and the majority to break through when you're in person, right? I can see a minority and go over to their desk and say, ‘How you doing?,' you know, even coming back or going to the men's room, which is something I would commonly do."
• The word "Latinx" was used often, except during the panel on "Latino Representation on Corporate Boards and Beyond."
• Gabrielle Novacek, managing director and partner at Boston Consulting Group, discussing the "emotional needs" of millennial employees.
• The panel on "Talking Openly About Menopause in the Workplace," during which participants discussed the "massive role" for government when it comes to addressing menopause in the workplace, including by making it a "protected characteristic."
Deep Thoughts with KJ Sidberry, Harvard grad and principal, Forerunner Ventures
After watching his appearance on the "Venture Capital: Investing in Change" panel and listening to Sidberry explain what his firm does, I still have no idea. He said Forerunner is focused on backing companies "that are working or aiming to rescript culture [and] reimagine consumer base experiences, particularly for this, I guess, contemporary, novel, digital-age consumer." What?
"It's an acknowledgment that the fabric of America looks a lot different now than it has historically," Sidberry explained. "And so when you take that into context and you work to effectively translate the notion of identity—who you are, what you do, how you kind of fit within a broader context or community—translate that notion into needs." Your guess is as good as mine.
"Those needs kind of surface different opportunities as it relates to businesses, both from an employee perspective but also from a customer perspective," he went on. "And so what we try to look into—what we try to lean in to—is understanding those needs states, identifying those, and then match those with opportunities that work to satisfy those needs states in ways that ultimately feel empowering or enriching. And so we back founders that are looking to champion that very notion—that ideal—because the expectations as it relates to one's identity in the ways that people need to show up in context for—that has elevated to a pretty meaningful degree. And that creates alpha, that creates opportunity across a whole host of different dimensions."
?????????
Maybe it's the sort of thing that only makes sense to smart people who went to Harvard. For what it's worth, Sidberry's response to the panel moderator's final question—about what venture capital executives can do to enhance diversity, equity, and inclusion in the industry—is by far the most accurate summation of what I learned at the Bloomberg Equality Summit:
Published under: Anti-Racism, Bloomberg, Democratic Party, Diversity, Equity
Bloomberg Pledges to Investigate ICE and End Trump Policies in Newly Unveiled Immigration Plan
By Jason Hopkins
Business and Politics Review
THERE IS A REASON WHY ALL BILLIONAIRES ARE DEMOCRATS AND WANT WIDER OPEN BORDERS AMNESTY AND NO E-VERIY!
The state of California is home to more illegal aliens than any other state in the country. Approximately one in five illegal aliens lives in California, Pew reported.
Approximately a quarter of California’s 4 million illegal immigrants reside in Los Angeles County. The county allows illegal immigrant parents with children born in the United States to seek welfare and food stamp benefits.
Democrat Tom Steyer: Americans Must Provide Cheap Housing to Illegal Immigrants
Tom Steyer, the billionaire investor and Democrat 2020 candidate, wants Americans to provide cheap housing to illegal immigrants.
“A Steyer Administration will … ensure that all undocumented communities have access to affordable and safe housing,” Steyer said in his immigration proposal.
Steyer’s offer of housing is combined with promises to provide illegals with free healthcare, plus workplace training and cultural celebrations:
A Steyer administration … [will] provide a safe platform for immigrants to share their culture and celebrate their heritage, foster opportunities for public service that support new Americans, and coordinate with Federal agencies and the private sector in order to build workforce training and fellowship opportunities for immigrants with professional qualifications from their home nation to help them leverage their specialized skills in the American marketplace.
Steyer made his promise of cheap housing to illegals even though housing costs for many Americans forces them to rent or buy cheaper housing far from work and friends, and are being forced to give up hopes for larger families.
But those housing costs are high partly because the federal government welcomes one million new legal immigrants into the nation’s cities, neighborhoods, and schools. That is a huge inflow — four million young Americans turn 18 each year.
But Steyer is a billionaire investor, so illegal migrants will not be moving into his very expensive and well policed neighborhood. The New Yorker magazine described his house in 2013:
President [barack Obama] flew to San Francisco on April 3rd for a series of fund-raisers. He stopped in first at a cocktail reception hosted by Tom Steyer, a fifty-six-year-old billionaire, former hedge-fund manager, and major donor to the Democratic Party. Steyer lives in the city’s Sea Cliff neighborhood, in a house overlooking the Golden Gate Bridge.
Any inflow of migrants will be a boon to Steyer’s fellow investors who gain from the extra workers, consumers, and renters. For example, one gauge of real estate investments shows a 50 percent gain since 2015, even as Americans’ wages and salaries rose by only about 15 percent.
Meanwhile, Steyer’s home state is experiencing record housing prices and record homelessness as today’s illegals enjoy the state government’s offer of sanctuary, jobs, and welfare. The federal housing agency reported January 7 the state has about 108,000 homeless:
This year’s report shows that there was a small increase in the one-night estimates of people experiencing homelessness across the nation between 2018 and 2019 (three percent), which reflects a 16 percent increase in California, and offsets a marked decrease across many other states.
…
In terms of absolute numbers, California has more than half of all unsheltered homeless people in the country (53 percent or 108,432), with nearly nine times as many unsheltered homeless as the state with the next highest number, Florida (six percent or 12,476), despite California’s population being only twice that of Florida.
In September Breitbart News reported the Census Bureau showed how the state’s housing costs are pushing Americans into poverty:
The September 10 study shows 18.2 percent of California’s population is poor, far above the 13 percent poverty rate in Arkansas, 16 percent in Mississippi, and the 14.6 percent in West Virginia.
…
By 2017, for example, the government’s pro-migration policies had added 11 million people to the state’s native population of 29 million people. The huge inflow means that one-in-four residents are immigrants.
Numerous studies have shown many millions of foreigners want to migrate into Americans’ society. For example, another five million Central American residents want to migrate into the United States, according to a Gallup survey published right after the 2018 midterm elections.
Gallup also noted “three percent of the world’s adults — or nearly 160 million people — say they would like to move to the U.S.”
California's poverty rate is worse than Alabama & Mississippi, says Census Bureau. The major cause of this huge change is immigration policy which spikes housing costs & shrinks wages -- and delivers huge gains for investors in real-estate & corp. shares. http://bit.ly/2mgvBlW
California Has Highest Poverty Rate, with Housing Costs
89 people are talking about this
Steyer’s promise to welcome illegals is echoed by the other investor billionaire in the Democrats’ primary, Mike Bloomberg, the former mayor of New York. In January, he promised to make illegals comfortable with Americans’ money, telling the San Diego Union-Tribune:
Well, it’s a no brainer. You give [a] pathway to citizenship to 11 million people. We’re not going to deport them anyways, it’s outrageous. If you look in New York City, we make sure that people felt comfortable, regardless of their immigration status, to come and get city services. I was always determined that they would not be afraid to come. Somebody could need like life-threatening things and does not get medical care. This is not a game. You’ve got to make sure that they’re okay.
Housing costs in Bloomberg’s New York are very high because it has huge populations of illegal and legal immigrants. The result is that it has a homeless population of roughly 92,000, and also the nation’s highest rate of homelessness, at 46 homeless for every 10,000 people.
High housing costs also make it difficult for Americans to move into towns and cities that have better-paying jobs, according to a 2017 study about the rising wealth gap in the United States. Americans “are frozen where they live,” said Tom Donohue, the CEO of the U.S. Chamber of Commerce, at a January 9 meeting.
But nearly all of the Democrats in the 2020 election have called for more migrants — without showing any concern for the impact on Americans’ housing costs.
“We could afford to take in a heartbeat another two million people,” Joe Biden told Democrats at an August event in Des Moines, Iowa. “The idea that a country of 330 million people is cannot absorb people who are in desperate need … is absolutely bizarre … I would also move to increase the total number of immigrants able to come to the United States.”
Sen. Elizabeth Warren’s immigration plan, for example, is titled “A Fair and Welcoming Immigration System.” It says:
We need expanded legal immigration that will grow our economy, reunite families, and meet our labor market demands … s president, I will immediately issue guidance to end criminal prosecutions for simple administrative immigration violations … As President, I’ll issue guidance ensuring that detention is only used where it is actually necessary because an individual poses a flight or safety risk … I’ll welcome 125,000 refugees in my first year, and ramping up to at least 175,000 refugees per year by the end of my first term.
The impact of federal immigration policy on Americans’ housing costs is taboo among establishment reporters. But those costs were touted by a group of investors lobbying Congress to raise housing prices by importing more immigrants. A booklet by the Economic Innovation Group says:
The relationship between population growth and housing demand is clear. More people means more demand for housing, and fewer people means less demand … As a result, a shrinking population will lead to falling prices and a deteriorating, vacancy-plagued housing stock that may take generations to clear
…
The potential for skilled immigrants to boost local housing markets is clear. Notably, economist Albert Saiz (2007) found a 1% increase in population from immigration causes housing rents and house prices in U.S. cities to rise commensurately, by 1%
On January 9, Donohue noted New Yorkers blocked the plan by Amazon and the city government to build a new corporate headquarters in the city. The residents protested the development plan partly because it would have driven up rents and housing costs, said Donohue. “It is a very potent issue,” he observed.
A lobbying group for investors admits mass migration helps investors in major coastal cities but 'fails' Americans in heartland & rural towns. So it urges less immigration? No - it urges more migration to spike family housing prices outside major cities! http://bit.ly/2VCZYUt
NYT Boosts Investors' Campaign for More Immigrant Workers, Consumers
46 people are talking about this
2020 ElectionEconomyPoliticshomelessnesshousingimmigrationmigrationMike BloombergpovertyTom Steyer
Another line they cut into: Illegals get free public housing as impoverished Americans wait
Want some perspective on why so many blue sanctuary cities have so many homeless encampments hovering around?
Try the reality that illegal immigrants are routinely given free public housing by the U.S., based on the fact that they are uneducated, unskilled, and largely unemployable. Those are the criteria, and now importing poverty has never been easier. Shockingly, this comes as millions of poor Americans are out in the cold awaiting that housing that the original law was intended to help.
Thus, the tent cities, and by coincidence, the worst of these emerging shantytowns are in blue sanctuary cities loaded with illegal immigrants - Orange County, San Francisco, San Diego, Seattle, New York...Is there a connection? At a minimum, it's worth looking at.
The Trump administration's Department of Housing and Urban Development is finally trying to put a stop to it as 1.5 million illegals prepare to enter the U.S. this year, and one can only wonder why they didn't do it yesterday.
According to a report in the Washington Times:
The plan would scrap Clinton-era
regulations that allowed illegal
immigrants to sign up for assistance
without having to disclose their status.
Under the new Trump rules, not only would the leaseholder using public housing have to be an eligible U.S. person, but the government would verify all applicants through the Systematic Alien Verification for Entitlements (SAVE) database, a federal system that’s used to weed illegal immigrants out of other welfare programs.
Those already getting HUD assistance would have to go through a new verification, though it would be over a period of time and wouldn’t all come at once.
“We’ve got our own people to house and need to take care of our citizens,” an administration official told The Washington Times. “Because of past loopholes in HUD guidance, illegal aliens were able to live in free public housing desperately needed by so many of our own citizens. As illegal aliens attempt to swarm our borders, we’re sending the message that you can’t live off of American welfare on the taxpayers’ dime.”
The Times notes that the rules are confusingly contradictary, and some illegal immigrant families are getting full rides based on just one member being born in the U.S. The pregnant caravaner who calculatingly slipped across the U.S. in San Diego late last year, only to have her baby the next day, now, along with her entire family, gets that free ride on government housing. Plus lots of cheesy news coverage about how heartwarming it all is. That's a lot cheaper than any housing she's going to find back in Tegucigalpa.
Migrants would be almost fools not to take the offering.
The problem of course is that Americans who paid into these programs, and the subset who find themselves in dire circumstances, are in fact being shut out.
The fill-the-pews Catholic archbishops may love to tout the virtues of illegal immigrants and wave signs about getting 'justice" for them, but the hard fact here is that these foreign nationals are stealing from others as they take this housing benefit under legal technicalities. That's not a good thing under anyone's theological law. But hypocrisy is comfortable ground for the entire open borders lobby as they shamelessly celebrate lawbreaking at the border, leaving the impoverished of the U.S. out cold.
The Trump administration is trying to have this outrage fixed by summer. But don't imagine it won't be without the open-borders lawsuits, the media sob stories, the leftist judges, and the scolding clerics.
Los Angeles County Pays Over a Billion in Welfare to Illegal Aliens Over Two Years
BY MASOOMA HAQ
In 2015 and 2016, Los Angeles County paid nearly $1.3 billion in welfare funds to illegal aliens and their families. That figure amounts to 25 percent of the total spent on the county’s entire needy population, according to Fox News.
The state of California is home to more illegal aliens than any other state in the country. Approximately one in five illegal aliens lives in California, Pew reported.
Approximately a quarter of California’s 4 million illegal immigrants reside in Los Angeles County. The county allows illegal immigrant parents with children born in the United States to seek welfare and food stamp benefits.
The welfare benefits data acquired by Fox News comes from the Los Angeles County Department of Public Social Services and shows welfare and food stamp costs for the county’s entire population were $3.1 billion in 2015, $2.9 billion in 2016.
The data also shows that during the first five months of 2017, more than 60,000 families received a total of $181 million.
Over 58,000 families received a total of $602 million in benefits in 2015 and more than 64,000 families received a total of $675 million in 2016.
Robert Rector, a Heritage Foundation senior fellow who studies poverty and illegal immigration, told Fox the costs represent “the tip of the iceberg.”
“They get $3 in benefits for every $1 they spend,” Rector said. It can cost the government a total of $24,000 per year per family to pay for things like education, police, fire, medical, and subsidized housing.
In February of 2019, the Los Angeles city council signed a resolution making it a sanctuary city. The resolution did not provide any new legal protections to their immigrants, but instead solidified existing policies.
In October 2017, former California governor Jerry Brown signed SB 54 into law. This bill made California, in Brown’s own words, a “sanctuary state.” The Justice Department filed a lawsuit against the State of California over the law. A federal judge dismissed that suit in July. SB 54 took effect on Jan. 1, 2018.
According to Center for Immigration Studies, “The new law does many things: It forbids all localities from cooperating with ICE detainer notices, it bars any law enforcement officer from participating in the popular 287(g) program, and it prevents state and local police from inquiring about individuals’ immigration status.”
Some counties in California have protested its implementation and joined the Trump administration’s lawsuit against the state.
California’s campaign to provide public services to illegal immigrants did not end with the exit of Jerry Brown. His successor, Gavin Newsom, is just as focused as Brown in funding programs for illegal residents at the expense of California taxpayers.
California’s budget earmarks millions of dollars annually to the One California program, which provides free legal assistance to all aliens, including those facing deportation, and makes California’s public universities easier for illegal-alien students to attend.
According to the Fiscal Burden of Illegal Immigration on United States Taxpayers 2017 report, for the estimated 12.5 million illegal immigrants living in the country, the resulting cost is a $116 billion burden on the national economy and taxpayers each year, after deducting the $19 billion in taxes paid by some of those illegal immigrants.
BLOG: MOST FIGURES PUT THE NUMBER OF ILLEGALS IN THE U.S. AT ABOUT 40 MILLION. WHEN THESE PEOPLE ARE HANDED AMNESTY, THEY ARE LEGALLY ENTITLED TO BRING UP THE REST OF THEIR FAMILY EFFECTIVELY LEAVING MEXICO DESERTED.
New data from the U.S. Census Bureau shows that more than 22 million non-citizens now live in the United States.
Exclusive–Mo Brooks: ‘Masters of the Universe’ Want More Immigration to ‘Decrease Incomes of Americans’
Bob Gathany / AL.com via AP
10 Mar 2019122
3:19
Rep. Mo Brooks (R-AL) says the “Masters of the Universe” want more legal immigration to the United States to further diminish the incomes of American working and middle-class families.
In an exclusive interview with SiriusXM Patriot’s Breitbart News Tonight, Brooks said recent demands to increase the number of foreign workers coming to the U.S. to compete against American citizens for jobs is merely an effort by corporations to deplete the earnings of Americans.
Brooks said:
I’m not a part of the Masters of the Universe crowd who thinks we ought to be bringing in all this foreign labor and the reason for it is pure economics. This is the chance for Americans and lawful immigrants who are already here who are working in the blue-collar trades, who are working in the places where wages are not as high they ought to be, this is their chance to prosper. [Emphasis added]
And to the extent you import a lot of foreign labor, then you are artificially increasing the labor supply which in turn means that you’re artificially suppressing the wages of American families who are often hard-pressed to make ends meet So I respectfully disagree that we need more foreign labor, to the contrary, I would like to see us reduce the foreign labor that comes into America so that American families who are struggling to make ends meet, particularly those of us who are earning the least amounts, would be better to take care of their own families and less likely to be dependent on the welfare. [Emphasis added]
Brooks said Democrats support for mass legal immigration is centered on the premise that increasing the number of foreign workers in the U.S. will decrease Americans’ wages, thus forcing many into poverty and becoming welfare recipients. This, Brooks said, is how Democrats create a permanent dependent class of Democrat voters.
“Don’t get me wrong, [Democrats] want to decrease the incomes of Americans so that they’re dependent on welfare,” Brooks said.
That makes them in turn likely Democrat voters and the best way to do that is to have a huge surge in the labor supply, particularly illegal aliens, that will depress their wages therefore creating more Democrats who are dependent on welfare at the same time as they bring in illegal aliens who also under Democrat doctrine will be allowed to vote and those types of voters, they’re also dependent on welfare. [Emphasis added]
“About 70 percent of illegal alien households are on welfare … plus this is a bloc of voters that seems unusually susceptible to the racial divisions that the Democrats advance,” Brooks said. “You have to look at the big picture in all of this, and to me, we should not be importing as much foreign labor as we are. We should be helping the least among us earn more and importing foreign labor that suppresses wages is not the way to do that.”
Currently, the U.S. admits more than 1.2 legal immigrants annually, with the vast majority deriving from chain migration, whereby newly naturalized citizens can bring an unlimited number of foreign relatives to the country. In 2017, the foreign-born population reached a record high of 44.5 million.
The U.S. is on track to import about 15 million new foreign-born voters in the next two decades should current legal immigration levels continue. Those 15 million new foreign-born voters include about eight million who will arrive in the country through chain migration, where newly naturalized citizens can bring an unlimited number of foreign relatives to the country.
Breitbart News Tonight broadcasts live on SiriusXM Patriot Channel 125 from 9:00 p.m. to Midnight Eastern (6:00 p.m.-9:00 p.m. Pacific).
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
View the full report: https://cis.org/Report/There-No-Labor-Shortage
Key findings in the report:
· Shortages should not occur in a free market
· Tight labor markets benefit marginalized groups
· Wages have been stagnant over the long term
· Labor force participation is down over the long term
· Domestic industries should hire Americans
· Natives participate in all major occupations
· Plenty of STEM workers are available
· Gains to the economy are not the same as gains to natives
· Immigration is not an efficient solution to population aging
Mike Bloomberg: Open Borders to Foreign College Graduates
Volume 90%
27 Feb 2020381
7:49
Mike Bloomberg says Washington should offer green cards and then citizenship to an almost unlimited number of foreigners who graduate from U.S. colleges.
The economic strategy would help employers — but would flood the Americans’ white-collar labor market and likely reduce American college graduates salaries while also spiking prices for the houses needed by the graduates’ families, said critics.
Bloomberg announced his plan at a February 26 CNN town hall event:
One of the things in immigration is you’ve got to do some things quickly … You’ve got to staple a green card on every degree when they [foreign students] get out of college, particularly if they’re studying STEM [Science, Technology, Enginering and Math]… We need more immigrants, not less immigrants. And a lot of them come from China.
Jessica Vaughan, policy director at the Center for Immigration Studies, said:
Americans would be shut out of job opportunities, and because employers would no longer have to compete for new graduates, their salaries would plummet. Anytime you have an inflow of people to particular geographic locations, there’s going to be a shortage of housing, and Americans and others are going to be priced out of affordable housing.
This “would mean the annihilation of our American graduate labor pool,” said Marie Larson, a co-founder of the American Workers Coalition.
Foreigners “will take any jobs because any job here will be better than anything they can get from where they are coming from … They will be displacing Americans citizens from their livelihoods,” he added.
But the Bloomberg plan would be a boon to education companies, Vaughan said. Foreigners “would be willing to pay almost anything for a degree … just because it would be pass to a green card for them and their families,” she said.
In contrast, far-left Sen. Bernie Sanders has declined to endorse economic policies that would import “high-skilled” immigration for U.S. employers. The Bloomberg-style economic argument is largely ignored in Sanders’ easy-immigration plan, even though it would also allow a huge number of foreign graduates into U.S. jobs. Sanders’ plan promises to “reform the government agencies tasked with enforcing immigration law to ensure our immigration agencies and officers are serving a humanitarian mission, not a law enforcement one.”
The numbers suggested by Bloomberg would dramatically expand legal immigration into the United States without removing all anti-migration rules.
U.S. citizenship is a huge prize for billions of people who were born in poor, backward, and in chaotically diverse countries. For example, India’s population is so huge that India has roughly 178 million young men aged 20 to 34. That population of young Indian men is more than half the population of the United States.
Each year, roughly four million Americans turn 18, and roughly 800,000 Americans get skilled, four-year degrees in healthcare, business, science, software, or engineering. Those Americans then must pay their college debts as they compete for jobs and housing against roughly one million legal immigrants, more than one million college graduate visa workers, plus at least seven million illegals in jobs.
Neil Munro
✔@NeilMunroDC
Govt data shows 1 million Indian contract-workers get white-collar jobs in tech, banking, health etc.
The Indian hiring ignores many EEOC laws & is expanding amid gov't & media silence.
It is a huge economic & career loss for US college grads.#S368 #H1B http://bit.ly/2Sy3uw6
CEOs Keep 1 Million Indian Graduates in U.S. Jobs, Legally
Employers have quietly converted an imported army of 451,000 Indian temporary workers into permanent U.S.-based workers.
breitbart.com
813
630 people are talking about this
The current level of immigration floods the labor market, and it shifts much wealth from the heartland to the coasts, from young to old, and from wage-earners to shareholders. For example, Bloomberg.com reported February 24 that employment among college graduates dropped below blue-collar employment:
Unemployment among Americans aged between 22 and 27 who recently earned a Bachelor’s degree or higher was 3.9% in December — about 0.3 percentage point above the rate for all workers.
Bloomberg.com noted that pay for many graduates has also stalled — and is lagging behind blue-collar pay raises — in President Donald Trump’s “Blue Collar Boom”:
The strong job market should be helping graduates to pay what they owe — and at the top end of the wage scale, it is. But in recent years, while high-school graduates have seen a sharp pickup in earnings, the lower-earning half of college graduates haven’t — and the gap between them is now the smallest in 15 years.
More than four in 10 recent graduates are working in jobs that don’t usually require a college degree, the New York Fed says. And roughly one in eight is working in a field where typical pay is around $25,000 a year or less.
…
Part of the problem is that the jobs market is saturated with degree-holders, while tight labor conditions have ramped up demand for a different kind of skills — bringing benefits to electricians and plumbers, for example.
But Bloomberg’s proposal would further saturate the market for college graduates.
Bloomberg’s plan would offer green cards to more than one million foreign college students who are now registered in the United States. China is the leading source of foreign students with 480,000 registered, far ahead of India’s 250,000 students, Korea’s 90,000 students, and Saudi Arabia’s 6o,000 students. Ten European countries provided fewer than 100,000 students, according to the visa data provided by the Department of Homeland Security.
In addition, many more foreign youths would grab Bloomberg’s offer of citizenship by quickly registering at low-quality or high-quality universities. In 2018, for example, 7.5 million Chinese graduated from college. If just one of every six Indian men were ready and willing to accept Bloomberg’s offer, it would quickly boost the U.S. population by 30 million Indians — and they would bring millions more spouses, parents, and children.
In his 2020 campaign, Bloomberg has repeated his claim that U.S. employers needs skilled migrants. “This country needs more immigrants, and we should be out looking for immigrants,” Bloomberg told the San Diego Union-Tribune on January 5:
For those [employers] who need an oboe player for a symphony, we want the best one. We need a striker for a soccer team, we want to get the best one. We want a farmworker, we want to get the best one. A computer programmer, we want to get the best one. So we should be out looking for more immigrants.
Bloomberg has also endorsed the S.386 bill to fast-track citizenship for India’s one-million-strong college-graduate labor force throughout many American companies, including prestigious companies in Silicon Valley. The bill is being pushed by Utah legislators, including Sen. Mike Lee, (-UT)
The S.386 bill is also cheered by FWD.us, an advocacy group for high-tech investors, including Bill Gates and Mark Zuckerberg.
Neil Munro
✔@NeilMunroDC
Technocrat/investor Mike Bloomberg: Migrants with more 'grey matter' can save the US establishment from the mob's guillotine -- b/c the high-tech economy denies jobs & purpose to 'those who are not' successful.
That's the context to his farmer comments.http://bit.ly/2SUZqVN
Bloomberg: Elite Immigrants Can Save Americans from a High-Tech Economy
Immigrants are needed to rescue Americans who cannot keep pace with the high-tech economy, Mike Bloomberg said in 2016.
breitbart.com
21
31 people are talking about this
Bloomberg is an investor with a net worth of roughly $60 billion. So, alongside his call on CNN to loosen immigration rules, he also said the government should tighten trade rules to protect the economic interests of investors.
It’s just unrealistic to think that we’re going to stop doing business with China, but it is not unrealistic to try to pressure them into doing things on human rights. But it’s not just human rights. They steal intellectual property. I don’t think there’s any question about that. They are very unfair in treaties and the way we do business. We can’t own something there [but] they can own it in our country.
“He’s a self-interested businessman who does not have the best interest of this country at heart,” said Larson. “He’s taking what isn’t his to give — the jobs that rightfully belong to American citizens and their children … That’s not for anybody to give away.”
Neil Munro
✔@NeilMunroDC
Sen. Bernie Sanders says that illegal immigrants are "our people."
If he gets the nomination, a wave of people from Inda, Africa, the Middle East will rationally try to accept Sanders' offer to become "our people."http://bit.ly/2VpRKxP
Bernie Sanders: Illegal Immigrants Are 'Our People'
All illegal migrants who get into the U.S. are "our people," says Bernie Sanders, as he compaigns for the Democrat nomination for president.
breitbart.com
61
42 people are talking about this
Bloomberg Pledges to Investigate ICE and End Trump Policies in Newly Unveiled Immigration Plan
By Jason Hopkins
Business and Politics Review
. . .
BLOG: IS THIS FOR REAL?!?!?
· But Bloomberg also wraps his economic demand for more immigrants in a progressive-style cultural message.
· Bloomberg told the San Diego Union-Tribune that amnesty “is a no-brainer — you give [a] pathway to citizenship to 11 million people.”
· In December, Bloomberg said additional immigrants could “improve our culture, our cuisine, our religion, our dialogue, and certainly improve our economy” — but without being asked by reporters which American cultures, cuisines, religions, and dialogues do not meet his standards.
Exclusive–Mo Brooks: ‘Masters of the Universe’ Want More Immigration to ‘Decrease Incomes of Americans’
10 Mar 2019122
3:19
Rep. Mo Brooks (R-AL) says the “Masters of the Universe” want more legal immigration to the United States to further diminish the incomes of American working and middle-class families.
In an exclusive interview with SiriusXM Patriot’s Breitbart News Tonight, Brooks said recent demands to increase the number of foreign workers coming to the U.S. to compete against American citizens for jobs is merely an effort by corporations to deplete the earnings of Americans.
Brooks said:
I’m not a part of the Masters of the Universe crowd who thinks we ought to be bringing in all this foreign labor and the reason for it is pure economics. This is the chance for Americans and lawful immigrants who are already here who are working in the blue-collar trades, who are working in the places where wages are not as high they ought to be, this is their chance to prosper. [Emphasis added]
And to the extent you import a lot of foreign labor, then you are artificially increasing the labor supply which in turn means that you’re artificially suppressing the wages of American families who are often hard-pressed to make ends meet So I respectfully disagree that we need more foreign labor, to the contrary, I would like to see us reduce the foreign labor that comes into America so that American families who are struggling to make ends meet, particularly those of us who are earning the least amounts, would be better to take care of their own families and less likely to be dependent on the welfare. [Emphasis added]
Brooks said Democrats support for mass legal immigration is centered on the premise that increasing the number of foreign workers in the U.S. will decrease Americans’ wages, thus forcing many into poverty and becoming welfare recipients. This, Brooks said, is how Democrats create a permanent dependent class of Democrat voters.
“Don’t get me wrong, [Democrats] want to decrease the incomes of Americans so that they’re dependent on welfare,” Brooks said.
That makes them in turn likely Democrat voters and the best way to do that is to have a huge surge in the labor supply, particularly illegal aliens, that will depress their wages therefore creating more Democrats who are dependent on welfare at the same time as they bring in illegal aliens who also under Democrat doctrine will be allowed to vote and those types of voters, they’re also dependent on welfare. [Emphasis added]
“About 70 percent of illegal alien households are on welfare … plus this is a bloc of voters that seems unusually susceptible to the racial divisions that the Democrats advance,” Brooks said. “You have to look at the big picture in all of this, and to me, we should not be importing as much foreign labor as we are. We should be helping the least among us earn more and importing foreign labor that suppresses wages is not the way to do that.”
Currently, the U.S. admits more than 1.2 legal immigrants annually, with the vast majority deriving from chain migration, whereby newly naturalized citizens can bring an unlimited number of foreign relatives to the country. In 2017, the foreign-born population reached a record high of 44.5 million.
The U.S. is on track to import about 15 million new foreign-born voters in the next two decades should current legal immigration levels continue. Those 15 million new foreign-born voters include about eight million who will arrive in the country through chain migration, where newly naturalized citizens can bring an unlimited number of foreign relatives to the country.
Breitbart News Tonight broadcasts live on SiriusXM Patriot Channel 125 from 9:00 p.m. to Midnight Eastern (6:00 p.m.-9:00 p.m. Pacific).
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
Mike Bloomberg: Employers Should Hire ‘the Best’ Foreigners Instead of Americans
Investor, CEO, and presidential candidate Mike Bloomberg says
he would allow investors and employers to hire the “the best”
workers from around the world instead of Americans.
BLOG: ‘THE BEST’ ARE NOT HIS ILLITERATE MEXICANS HE IS HISPANDERING TO!
“This country needs more immigrants and we should be out looking for immigrants,” Bloomberg told the San Diego Union-Tribune on January 5.:
For those who need an oboe player for a symphony, we want the best one. We need a striker for a soccer team, we want to get the best one. We want a farmworker, we want to get the best one. A computer programmer, we want to get the best one. So we should be out looking for more immigrants.
The reporter did not ask Bloomberg to define “best.” But for cost-conscious shareholders and executives, “best” is a synonym for ‘cheaper than Americans.’
“If business were able to hire without restrictions from anywhere in the world, pretty much every [American’s] occupation would be foreignized,” said Mark Krikorian, director of the Center for Immigration Studies. He continued:
Americans would have to accept dramatically lower earnings, whether they object or not. Not just landscapers and tomato pickers, [because] Indians and Chinese by the millions can do nursing and accounting. There would not be any job that would not see its earnings fall to the global average.
Bloomberg — who has an estimated wealth of $55 billion — is trying to exempt investors and shareholders from the nation’s immigration rules, said Krikorian. For Bloomberg, “immigration laws are not one of those things that should be allowed to interfere in [the growth of] shareholders’ value,” he said.
“It is obviously unprecedented — but this is not obviously different from [President] George [W.] Bush’s ideal immigration plan … [and] he is expressing a pretty standard Republican plutocrat approach to immigration,” he added.
President Bush described his “any willing worker” cheap labor plan in 2004, saying:
Out of common sense and fairness, our laws should allow willing workers to enter our country and fill jobs that Americans have are not filling. (Applause.) We must make our immigration laws more rational, and more humane. And I believe we can do so without jeopardizing the livelihoods of American citizens.
Our reforms should be guided by a few basic principles. First, America must control its borders …
Second, new immigration laws should serve the economic needs of our country. If an American employer is offering a job that American citizens are not willing to take, we ought to welcome into our country a person who will fill that job.
In December 2018, departing House Speaker Paul Ryan echoed Bush’s “any willing worker” goal, saying:
[Immigration reform needs] border security and interior enforcement for starters, but also a modernization of our visa system so that it makes sense for our economy and for our people so that anyone who wants to play by the rules, work hard and be part of American fabric can contribute.
This “any willing worker” idea encouraged Ryan to work closely — but behind the scenes — with pro-amnesty, pro-migration groups.
Many GOP legislators echo this “any willing worker” claim when they declare a “‘legal good, illegal bad,’ approach to migration,” said Krikorian. That mantra is “piously claiming that illegal immigration is bad, but is making [pro-American protections] moot by letting huge numbers of people in legally.”
In contrast, President Donald Trump won his 2016 election on a promise to shrink immigration. Since then, he has forced down illegal migration via Mexico and has largely blocked numerous efforts by business to expand the huge inflow of legal immigrants and visa workers. Trump’s curbs on the supply of foreign labor have helped to force up wages for blue-collar Americans — despite determined efforts by business and investment groups to prevent wage increases.
Neil Munro
✔@NeilMunroDC
Almost 50% of U.S. employees got higher wages in 2019, up from almost 40% in 2018.
That's useful progress - but wage growth will likely rise faster if Congress stopped inflating the labor supply for the benefit of business. http://bit.ly/2SyaLg7
Pay Raises and Training Expand in Donald Trump's Tight Labor Market
Companies will face greater pressure in 2020 to recruit and train blue-collar Americans and also to pay extra wages, say company officials.
breitbart.com
79
46 people are talking about this
Bloomberg’s “best worker” pitch is not a problem for the Democrats’ 2020 base of “woke” progressives, said Krikorian:
He is running in the Democratic primary and there is an overlap between the plutocrat assault on national borders and the leftist assault on national borders. They come at the issue from the different starting points but they have the same enemy, which is Americans’ sovereignty. It is not obvious that his [pro-employer] immigration stance is going to be a turn-off to Democratic primary votes.. How different are the specifics of his immigration proposal from [Joe] Biden, Sen. [Bernie] Sanders or [Sen. Elizabeth] Warren?
Biden, Sanders, and Warren endorse wide-open borders as a form of charity towards unlucky foreigners fleeing from home country persecution. For example, a January 5 tweet from Biden said:
Our Statue of Liberty invites in the tired, the poor, the huddled masses yearning to breathe free. Donald Trump has slammed the door in the face of families fleeing persecution and violence.
Bloomberg’s pro-employer view is coherent and likely sincere, said Krikorian.
Bloomberg aspires to a single global labor market, and everything else follows from that. A concern about improving the lot of less-skilled American workers is by definition contrary to that view because there is no such thing as an American labor market. There is only a global labor market. Domestic employers are not thinking about the consequences for people from Pennsylvania when they hire people from Tennessee, and Bloomberg wants that same approach across the entire world.
There is even an altruistic way of viewing that — which I assume guys like this have — that it improves the lot of Hondurans [and other migrants] who are coming here.
The issue is not that Bloomberg and his guys are factually incorrect. It is that their values are contrary to the values that most Americans hold – which is that we have a greater loyalty and obligation to our fellow countrymen than to foreigners. Guys like Bloomberg reject that [obligation] in principle.
Neil Munro
✔@NeilMunroDC
A Rasmussen survey shows likely voters by 2:1 want Congress to make companies hire & train US grads & workers instead of importing more foreign workers.
The survey also shows this $/class-based view co-exists w/ much sympathy for illegal migrants. #S386http://bit.ly/2ZA6WIE
Rasmussen Shows 2:1 Opposition to Cheap Labor Legal Immigration
Voters overwhelmingly want companies to train and hire Americans before importing more legal immigrants or visa workers.
breitbart.com
431
254 people are talking about this
But Bloomberg also wraps his economic demand for more immigrants in a progressive-style cultural message.
Bloomberg told the San Diego Union-Tribune that amnesty “is a no-brainer — you give [a] pathway to citizenship to 11 million people.”
In December, Bloomberg said additional immigrants could “improve our culture, our cuisine, our religion, our dialogue, and certainly improve our economy” — but without being asked by reporters which American cultures, cuisines, religions, and dialogues do not meet his standards.
Bloomberg also echoes the Democrats’ claim that the U.S is a diverse “nation of immigrants,” instead of a country built by similar-minded settlers from Europe. “This country was built by immigrants,” Bloomberg said, without noting the role played by Americans and their children.
Bloomberg has long supported greater immigration. In 2013, he joined with the owner of Fox News, Rupert Murdoch, to create the Project for a New American Economy. The group of investors and politicians then pushed for passage of the failed Gang of Eight amnesty in 2013.
The Congressional Budget Office (CBO) predicted the planned “Gang of Eight” amnesty would shift more of the nation’s new wealth from workers to investors.
The flood of roughly 30 million immigrants in ten years would cause Americans’ wages to shrink, the report said. “Because the bill would increase the rate of growth of the labor force, average wages would be held down in the first decade after enactment,” the CBO report said.
But all that cheap labor would boost the profits and the stock market, the report said. “The rate of return on capital would be higher [than on labor] under the legislation than under current law throughout the next two decades,” says the report, titled “The Economic Impact of S. 744.”
For Bloomberg, Krikorian said, U.S. “employers have no greater obligation to fellow Americans than to Hondurans [or other foreign workers] … what Bloomberg is saying is that immigration laws should not interfere with the pursuit of shareholder value [because] employers can hire anyone from anywhere at any wage, period.”
Neil Munro
✔@NeilMunroDC
Estb. media and esp. WashPo journos cannot, or dare not, follow the $$$ in immigration politics.
For example, the WashPo article on @SenMikeLee's @S368 bill to expand the outsourcing of U.S. grads' jobs.
Maybe b/c the money ends up in Jeff Bezos' pocket. http://bit.ly/2tChhYt
Munro: WashPost Message to U.S. Graduates -- Drop Dead
The Washington Post has covered Sen. Mike Lee's S.386 giveaway to Indian visa-workers -- but it excluded the voices of American graduates.
breitbart.com
No comments:
Post a Comment